To build the income component of our long-term equity forecasts, we calculate each country’s expected income contribution, based on current and anticipated levels of dividend yield, as well as the expected returns attributable to buyback activity (positive) or net positive
T. Rowe Price Insights on the U.S. Election Democrat Joe Biden’s policy proposals as the next U.S. president (pending the outcome of potential legal challenges) could have mixed implications for investors if implemented, according to T. Rowe Price investment professionals. On
T. Rowe Price Insights on Global Markets Our portfolio managers see selective potential in a range of asset classes. Even for those of us who saw reasons for hope this past spring, the market’s resilience in the face of the
"Investing in small‑caps today may give investors with a long-term investment horizon the opportunity to join the journey of some of tomorrow’s most successful businesses at an early stage." — Yoram Lustig Head of EMEA Multi‑Asset Solutions
“While capital markets appeared to have reacted positively to these results, the postelection transition creates a potential for market volatility.”
"Marked by the most severe recession in modern history, 2020 was an unprecedented year. With the global pandemic continuing, we enter 2021 with a mildly positive outlook for the upcoming recovery, but with the assumption that the path to pre-crisis
"We still like high yield for income. On a tactical horizon, we strongly prefer high yield for its income and more room for spread tightening. We are neutral on IG and underweight emerging market debt."
"With deficits growing and the outlook uncertain, finding yield and assets that will benefit, rather than suffer, from the current policy response, is a growing problem. We believe cocos fit the bill for these issues."
Webinar – The case for Japanese equities – Why now? Abenomics have had some long-lasting effects on the Japanese economy. The key winners from Abenomics are : -The Domestic consumption growth that is resuming -Capital expenditure that is restarting after
T. Rowe Price Insights on U.S. Equities How the rules of investing in the large‑cap growth space have changed Amid the wider performance of the U.S. equity market, one particularly astonishing statistic is that the top 10 stocks in the
"Convertible bonds historically captured over 65% of equity upside but suffered only 50% downside"
"After all, it is difficult to determine which election outcome the market had priced in, when and with what probability. "
The Investment Clock: "Recovering: After a plunge into recession, economic data started a rapid pick up from March in China and May/June in Europe and the US as social distancing eased. Retail sales have recovered particularly fast in the US
As markets continue to ponder the US Presidential election result, a surge in COVID19 cases across Europe has led to a darkening near-term outlook. How things play out in the US—from a political and virus perspective—is still uncertain, but another
Investment Insights Japan has a new leader: Yoshihide Suga, who replaced his ally Shinzo Abe, the longest-serving prime minister in the country’s history, in September. We asked Akira Horiguchi, co-principal investment officer on the Capital Group Japan Equity strategy what
Nu de presidentsverkiezingen in de VS naderen, wegen de markten de kansen af van een Democratische dan wel Republikeinse overwinning en wat de impact hiervan zal zijn op de aandelenmarkt. Sinds 1960 kent de S&P 500® Index in 80% van
Global Asset Allocation: The view from EMEA With a quickly approaching U.S. presidential election that is too close to call, mounting controversy surrounding mail-in ballots, the potential for a protracted legal battle, and the president’s recent coronavirus diagnosis, markets …
Summary for the week ending on Friday, 16 October Following the lack of progress in stimulus negotiations over the previous weekend, the prospects of passing a relief package before the election seemed to dim further last week. On Tuesday, Republican
KEY POINTS Potential treatments/vaccines for COVID‑19, policy support, and gradually reopening economies make us more comfortable taking a pro-risk stance over our 12-month time frame. However, the market’s rebound and the prospect of a slow economic recovery leave us only moderately bullish
Our key conclusions include the following: We believe there is a value premium driven by market participant behavior and that, despite all the headlines, value investing is not dead. But not all value is “cheap” (and not all growth is
UK equities in a ‘doom-loop’ We have seen something of a recovery in global markets since the pandemic struck, but this is very much the first pulse1. This was always going to be significant, given the magnitude and speed of
European Gazette The country is poised to increase scrutiny on human rights and eco standards within business. As investors, the investigation of environmental, social and governance (ESG) risks form an essential component of our bottom-up investment analysis
Multi-Asset Solutions Weekly Strategy Report IN BRIEF From a portfolio perspective, exposure to tech winners in U.S. equities is not a free lunch. The same growth stories that prompted outsize U.S. equity returns in recent years and a faster recovery
ESG matters more than ever in choosing good companies KEY INSIGHTS The coronavirus pandemic has pulled forward environmental, social, and governance (ESG) trends by years in a matter of months. Societal pressures are driving unprecedented change and the need for
Abenomics at a glance Referring to the economic policies advocated by Prime Minister Shinzo Abe since his victory in the 2012 general election, Abenomics consists of three arrows: aggressive monetary policies, fiscal consolidation and a growth strategy. The key aim
Multi-Asset Solutions EMEA Summary for the week ending on Friday, 25 September Last week began on a down note, with the renewed rise in coronavirus cases in Europe and several other concerns weighing on sentiment. Prospects for Democrats and Republicans
All-time low interest rates in Brazil are driving savings into equities, while deregulation and faster technological adoption are creating high growth opportunities for stock pickers. It is true that there is often no free lunch in investing, meaning that high
Equities | September 2020 Following an eight-year term, Shinzo Abe announced he will stand down as Prime Minister of Japan due to a deterioration in his physical health. Japan’s Topix Index dropped around 2.5% in reaction to the news on
For the first time in nearly five months, U.S. equities experienced back-toback weekly losses, with the S&P 500 Index declining 2.5%.1 The weakness was due to overbought conditions (especially in technology) plus mounting skepticism over prospects for another fiscal stimulus
MARKET OVERVIEW In August, investors were risk-on and helped the stock markets in particular to some new record highs. The economic recovery continues to progress but is losing some of its momentum. From a strategic point of view we see
As investors, equities represent a crucial driver of long-term capital appreciation. However, equity markets can go through periods of high volatility and not always deliver the expected positive returns. For investors seeking this equity exposure but looking for a …
Asset Allocatie Consensus Augustus 2020 gaat de boeken in als de maand waarin alle grote Amerikaanse beursindices records breken. Opnieuw was Tech de uitblinker dat als sector een jaarperformance van bijna 25% laat zien. Wall Street overvleugelt daarmee Main Street,
Market Flash US equities broke fresh records as new Coronavirus cases fell sharply and the overall sanitary situation improved. The contrast was strong with Europe where there was a surge in new cases even if the number of people on
The battle between public health officials and COVID-19 continues, and, as we had feared, cases in the United States increased significantly in recent months. However, global economic …
#34 The holidays are coming to an end and you might have to catch up on research. Hereby a quick overview of the best read research on OpinioPro this last week. A variety of topics is addressed – you can
The Covid-19 crisis prompted huge monetary stimulus measures from the world’s central banks, and governments are still implementing major plans to help reignite economic growth. Gold prices rose further in …
#33 After a very warm week, rain has finally come. This week we’ve got a few very different best read research articles for you. Fifth place is taken by “There Is No Planet B” by Columbia Threadneedle Investments: “Pandemic, No
How have US small caps performed over the last cycle and since the pandemic? The most recent cycle began in 2013 and, leading up to the COVID-19 pandemic, US small caps had underperformed significantly. The outperformance of the S&P500 versus
In a world where unprecedented events seem to be happening with regular occurrence, it is more important than ever to find stewards of capital with the talent, temperament and expertise to navigate through such uncertain times. This is no easy
#32 The temperature in the Netherlands is going to be very high coming weekend. Therefore, please find our Top Five of week #32 right here, so you have something to read while drinking something cool! The monthly Global Investment Views
Market Review It’s been a very strong quarter for equities and credit as central banks and governments provided enormous amounts of stimulus and economies started to reopen. Despite the strong rebound in risk …
Kwartaalupdate Factorbeleggen Aandelen Dit kwartaal, waarin de aandelenbeurzen hard omhoog gingen, is de opgelopen schade van het eerste kwartaal grotendeels teniet gedaan. Hoewel de schade aan economieën door de Corona-crisis groot is, was er dit kwartaal weer positief …
Although each asset class has its own features and risks, we believe that mid-cap equities present a strong opportunity in the equity market and deserve consideration for suitable investor portfolios. Mid-caps have performed relatively well over the past decade in
Our contention is that most global asset allocators have been underweight Japan equities for a long time. When we ask investors why this is the case, their rationale usually encompasses a combination of three main assumptions: 1. Japan is a
Some strong firms may benefit from a delayed surge in demand. We believe investors should cast a wide net in the search for secular growth opportunities. Health care firms involved in diagnostics and bioprocessing have stayed largely out of the
A dynamic, diversified exposure could be the answer The size of the U.S. equity market means that it typically represents a significant allocation in global equity portfolios. A key challenge for investors in U.S. equities is how to dynamically allocate
De omvang van publieke aandelenmarkten is in veel ontwikkelde economieën sinds de start van dit millennium gestagneerd of zelfs afgenomen. Zo is volgens gegevens van de Wereldbank (2020) het aantal beursgenoteerde bedrijven in de VS tussen 2000 en 2018 bijna
We consider European stocks the most attractive regional exposure to a multispeed global restart, especially versus emerging markets outside of north Asia. We could see a $1-1.5 trillion U.S. fiscal package that extends some, but not all, federal stimulus measures
How the Bond Market Impacts Equity Factor Investing Markets have reached a 140-year low in U.S. interest rates. The collapse of rates since the Global Financial Crisis (GFC) has altered the nature of factor investing. Factor returns have been affected
Impact Investing In terms of asset class, impact investing has traditionally been associated with private capital. Public equities make up just 17% of the USD 502 billion in assets managed in impact strategies1 , a negligible amount compared with the
